Lufthansa, Germany’s flagship carrier, has made substantial progress in its planned acquisition of ITA Airways after resolving key pricing issues with the Italian government. The two parties have worked through differences over the valuation of ITA Airways, allowing Lufthansa to move closer to finalizing the takeover deal. This acquisition marks a significant step for Lufthansa, as it seeks…
Lufthansa, Germany’s flagship carrier, has reached an agreement with the Italian government to acquire a stake in ITA Airways following intense, last-minute negotiations. This deal marks a strategic move by Lufthansa to expand its footprint in the Italian market, gaining access to a wider customer base and strengthening its position within Europe. The acquisition is expected to bolster ITA…
In the ever-changing landscape of the aviation industry, Volotea, a Spanish low-cost airline, has decided not to pursue slots at Milan Linate, leaving easyJet as the only airline still interested in these slots. This decision comes in the wake of ITA Airways and Lufthansa having to give up their slots as part of the EU…
Lufthansa CEO Carsten Spohr and Italian Economy Minister Giancarlo Giorgetti are scheduled to meet this weekend to address a price dispute regarding the sale of a minority stake in ITA Airways, Italy’s national airline. This high-level meeting aims to overcome differences in valuation that have stalled Lufthansa’s acquisition of a stake in the airline, which the German carrier views as a…
Lufthansa, Germany’s flagship airline, is intensifying its efforts to raise liquidity by the end of 2024 through the sale/leaseback (SLB) of an additional nine A320neo and A321neo aircraft. This financial strategy allows Lufthansa to free up cash while retaining operational use of these aircraft, supporting the airline’s liquidity needs amidst ongoing market pressures. Lufthansa has previously employed this approach, raising $247 million during…
Italy’s Treasury has temporarily suspended the sale of a 41% stake in ITA Airways to Lufthansa due to a price disagreement between the two parties. The deal, originally announced in May 2023, stipulated that Lufthansa would acquire the stake for €325 million, marking a strategic move to strengthen its position in Southern Europe. However, Lufthansa…
Lufthansa has announced the conversion of its Munich to Johannesburg and Munich to São Paulo routes into winter seasonal services, beginning March 30, 2025. Both routes will be operated with the Airbus A350-900, offering passengers a modern and comfortable long-haul travel experience on these popular routes to South America and Africa.
Lufthansa, Germany’s flagship carrier, is set to relocate several Airbus A350-900 aircraft from Munich to Frankfurt in preparation for the summer 2025 travel season. This strategic move addresses a current shortfall of Boeing 787-9s in Frankfurt, ensuring that Lufthansa can meet anticipated passenger demand during the peak season.
SunExpress, a joint venture between Turkish Airlines and Lufthansa, has strengthened its connectivity with Austria by establishing a codeshare agreement with Austrian Airlines. This partnership allows both airlines to expand their route networks and offer passengers greater flexibility and seamless travel options between Austria and key destinations in Turkey. Under the new agreement, Austrian Airlines…
